The SEC came out today and said that corporations or their executives can use Facebook, Twitter, or other social media platforms as a way of disseminating corporate information.

In other words, Reed Hastings, you’re in the clear, buddy.

Hastings, the CEO of Netflix, caused an uproar in July when he shared some news via Facebook; he noted that Netflix had more than one billion hours of streaming video in a month. The stock jumped sharply on the news, which raised a minor firestorm and sparked a germane question: if corporate executives or companies share information via Twitter or other social media platforms, is that a violation of fair disclosure laws?

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